WAYEX vs. SAOAX
Compare and contrast key facts about Waycross Long/Short Equity Fund (WAYEX) and Guggenheim Alpha Opportunity Fund (SAOAX).
WAYEX is managed by Waycross. It was launched on Apr 28, 2015. SAOAX is managed by Guggenheim. It was launched on Jul 6, 2003.
Performance
WAYEX vs. SAOAX - Performance Comparison
Loading graphics...
WAYEX vs. SAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAYEX Waycross Long/Short Equity Fund | -7.02% | 13.16% | 22.40% | 18.99% | -11.66% | 11.43% | 22.27% | 21.17% | -8.80% | 13.05% |
SAOAX Guggenheim Alpha Opportunity Fund | 10.14% | -2.00% | 10.49% | 8.81% | -8.66% | 14.38% | 0.17% | -2.26% | -11.25% | 7.48% |
Returns By Period
In the year-to-date period, WAYEX achieves a -7.02% return, which is significantly lower than SAOAX's 10.14% return. Over the past 10 years, WAYEX has outperformed SAOAX with an annualized return of 9.10%, while SAOAX has yielded a comparatively lower 2.89% annualized return.
WAYEX
- 1D
- -0.36%
- 1M
- -5.87%
- YTD
- -7.02%
- 6M
- -4.88%
- 1Y
- 8.66%
- 3Y*
- 13.91%
- 5Y*
- 7.63%
- 10Y*
- 9.10%
SAOAX
- 1D
- -0.44%
- 1M
- 0.00%
- YTD
- 10.14%
- 6M
- 11.36%
- 1Y
- 4.23%
- 3Y*
- 7.96%
- 5Y*
- 4.58%
- 10Y*
- 2.89%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WAYEX vs. SAOAX - Expense Ratio Comparison
WAYEX has a 2.27% expense ratio, which is higher than SAOAX's 1.76% expense ratio.
Return for Risk
WAYEX vs. SAOAX — Risk / Return Rank
WAYEX
SAOAX
WAYEX vs. SAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waycross Long/Short Equity Fund (WAYEX) and Guggenheim Alpha Opportunity Fund (SAOAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| WAYEX | SAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.10 | +0.80 |
Sortino ratioReturn per unit of downside risk | 1.37 | 0.66 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.15 | +0.81 |
Martin ratioReturn relative to average drawdown | 4.11 | 0.73 | +3.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| WAYEX | SAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.10 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.16 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.14 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.30 | +0.37 |
Correlation
The correlation between WAYEX and SAOAX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WAYEX vs. SAOAX - Dividend Comparison
WAYEX's dividend yield for the trailing twelve months is around 5.69%, more than SAOAX's 0.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WAYEX Waycross Long/Short Equity Fund | 5.69% | 5.29% | 12.41% | 2.86% | 0.00% | 5.33% | 1.17% | 1.05% | 0.00% | 1.01% | 0.00% |
SAOAX Guggenheim Alpha Opportunity Fund | 0.65% | 0.71% | 1.06% | 0.62% | 0.72% | 0.82% | 1.22% | 0.92% | 1.17% | 7.07% | 0.03% |
Drawdowns
WAYEX vs. SAOAX - Drawdown Comparison
The maximum WAYEX drawdown since its inception was -20.77%, smaller than the maximum SAOAX drawdown of -52.28%. Use the drawdown chart below to compare losses from any high point for WAYEX and SAOAX.
Loading graphics...
Drawdown Indicators
| WAYEX | SAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.77% | -52.28% | +31.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -35.08% | +27.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.31% | -35.90% | +18.59% |
Max Drawdown (10Y)Largest decline over 10 years | -20.77% | -35.90% | +15.13% |
Current DrawdownCurrent decline from peak | -8.05% | -0.47% | -7.58% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -8.77% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 6.97% | -5.11% |
Volatility
WAYEX vs. SAOAX - Volatility Comparison
The current volatility for Waycross Long/Short Equity Fund (WAYEX) is 2.40%, while Guggenheim Alpha Opportunity Fund (SAOAX) has a volatility of 2.82%. This indicates that WAYEX experiences smaller price fluctuations and is considered to be less risky than SAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| WAYEX | SAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 2.82% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 5.37% | 6.04% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.95% | 61.36% | -51.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.36% | 28.68% | -18.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.53% | 21.13% | -9.60% |